Attention Homebuyers in Sedona
If you've been waiting for a sign that it's the right time to buy a home in Sedona, consider this your signal from the universe! The real estate stars have aligned, making this season one of the most opportune times to dive into the housing market. With mortgage rates dropping to their lowest level in over 19 months, your purchasing power has never been stronger.
The Best Week to Buy Is Approaching
Realtor.com experts have pinpointed the week of Sept. 29–Oct. 5 as the best week for homebuyers in 2024. What makes this week so unique? Inventory is higher than usual, prices are below peak levels, and demand is waning, creating an ideal market balance for buyers. Plus, the pace of sales slows down, giving you time to make a thoughtful decision without the pressure of fierce competition.
Interest Rates Are on Your Side
Mortgage rates just hit their lowest point in 19 months. According to Andy Walden of Intercontinental Exchange Inc. (ICE), the recent easing of rates is offering significant relief to homebuyers:
"Along with a general cooling in home price growth, rates falling below 6.5% made August the most affordable month for housing since February."
More Options and Motivated Sellers
Not only are interest rates more favorable, the number of homes actively for sale has increased by nearly 36% compared to last year. This gives you more options while sellers face increased competition, making them more likely to negotiate. According to Zillow, early fall offers a sweet spot for buyers:
“There’s less competition, more motivated sellers, and lower interest rates.”
Why Wait? Start Your Home Search Today
Sedona’s unique landscapes and tranquil lifestyle are waiting for you. Now that the market has shifted in your favor, it's time to take advantage of these favorable conditions. Let’s connect and start your homebuying journey today!
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